Here are the top three 'stupid' things millennials waste money on, says Shark Tank's Kevin O'Leary

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$4 coffee and 2 other 'stupid' things millennials waste money on, according to Kevin O'Leary. via CNBCMakeIt

, or about $92 a month — which it says is about 30 percent more than a third of Americans spend on investing.The price of a cup of coffee varies wildly across the U.S. and the world. A 12-ounce cup of joe from Starbucks in the U.S. costs on average $2.75, but New York City is the most expensive location for the chain, charging $3.25 for a tall cappuccino.

And if you want the works, with more expensive types of milk, flavoring or seasonal specials, it can set you back more than $5. Starbucks in Europe, the Middle East and South Asia cost far more, often averaging $6-8 a cup or more."You don't need more than four pairs of shoes. You need flip flops, something to work out in, and two pairs of dress shoes — everything else, you're an idiot if you're buying more shoes.

In this area, women appear to be the worst offenders — shoe retailer DSW found last year that 75 percent of women in the U.S. own more than 20 pairs of shoes, while the average man reportedly owns 12 pairs. Credit card comparison app CreditDonkey reports that the average person buys 7.8 pairs of shoes per year.

And a report by Psychology Today found that, indeed, of all the pairs of shoes owned, most people regularly wear only three to four."If you have more than three pairs of jeans — one black, one white and one jean original — you're an idiot," he says. "You have too many, you don't need that." Today, a pair of jeans comes in at about $60 on average, "which means Americans spend about $38.5 million on denim pants every day, or $14 billion annually,"

 

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MakeIt Invest in his funds is the 4th

MakeIt Truth!

MakeIt Why don't you people cover how duplicitous and subjective this mans so-called advice is? All these things are free and personal choices that people make in conjunction with a budget. His advice should be given no more weight than my grandmother's.

MakeIt Wine?

MakeIt This from a guy who spends $3000 per year . on haircuts. He should be able to save at least $2000 and still get a haircut every three weeks. Makes his credibility questionable.

MakeIt This dude spends 3k a year on haircuts lmao

MakeIt Yeah but my guy Kevin spends $80 to cut his bald head

MakeIt But 3 grand a year for haircuts is smaaat? (Fredo from Godfather 2)

MakeIt Says the man who spends 3000 dollars a year on haircuts.

MakeIt Old story

MakeIt And back in his day it was $100 on cocaine, which is totally justifiable 🙄

MakeIt Like college

MakeIt If worrying about how much you spend on coffee is the focus of your attention on your financial circumstances, you will never have a secure financial future. Neither will paying off your mortgage by age 45-that’s a mistake that could cost you $1.5mm.

MakeIt $80 haircuts and 2 other “stupid” things kevinolearytv wastes money on, according to millennials

MakeIt Isn't this the guy that spends $300 on a haircut? Without having hair.

MakeIt Amen.

MakeIt Doesn't this guy spend $100 on his 'haircut'?

MakeIt This author didn't really research. Starbucks Grande Latte, which is the same or less than a cappuccino, is $4something in Chicago...and should be way more in NYC.

MakeIt Fuck, I do none of those and I’m still broke, haha.

MakeIt Rich puffball gives “advice” in order to protect neoliberalism and his soft ass

MakeIt Even if they are overspending on that, that sure isn't going to pay back the enormous debt they run up to party in college. They'd be much better off if they learned a trade rather than all major in Communications. Then, they'd make enough to afford the frills.

MakeIt Where is he finding $4 coffee?

MakeIt So what people our age don't get is that sometimes 'wasting' money is fun. In our time we did it on big things, often with little reward. Millenials find big pleasure in little things. They might be smarter . . .

MakeIt Sorry pops.... we don’t remember when coffee was a wooden nickel.

MakeIt Including listening to Kevin O'Leary!

MakeIt I can get 20 cups of excellent coffee for what he pays to have his bald head trimmed once.

MakeIt Staggering medical bills. That’s a good one we are wasting our money on you bootlickers

MakeIt Some of this is so funny, love Kevin

MakeIt When someone get the price of coffee wrong by as much as ~30%, I don’t know if I don’t think I can trust them.

MakeIt Research to back this up?

MakeIt This is the same guy that spends thousands of $ on haircuts every year, even though he’s basically bald.

MakeIt Says the bald guy who spends $3,000 a year on haircuts.

MakeIt 2 - $1.25 avocados a day

MakeIt This is the same dude who belongs to an elite club that flies ariund the world to drink rare and extremely expensive wines. Not sure why that is any less 'stupid' from a money saving perspective than drinking a $4 coffee

MakeIt Listening to this conman is definitely a waste of time.

MakeIt COFFEE………SHOES & JEANS

MakeIt $400 earbuds!! 😳

MakeIt Let people drink their coffee in peace, Kevin.

MakeIt Does he mean millennials or homeless people?

Or you could pay them more.

MakeIt Agreed, the best cup of coffee on the planet is served right around the corner and it is 0.99 with refills and up on the Turnpike Starbucks gets $3 for a cup of coffee that is no better than a McCafe and they are all similar in their Central and South American origins Beans

MakeIt He missed $4 cupcakes

MakeIt I wonder how much is his monthly household budget!? Probably in the low $1K... and what about this black suit that he wears all the time... please don’t tell me he only got one suit😂🤣😂🤣

MakeIt If you can’t trust fashion from a guy with that tie and those cuff links, who do you listen to?

MakeIt Going to Starbucks every day is like a car payment.

MakeIt He is right. No one can afford to go to Starbucks. Even $1 coffee is $30 a month and no one wants that.

MakeIt I must confess that I spend a crapload on coffee every year.

MakeIt well said i am always telling my children this ,look after the pennys pounds will take care of themselves

MakeIt Are the other two unnecessary wars and corporate welfare?

MakeIt Is prostitutes and drugs the other 2 by any chance ha

MakeIt And he bought crypto he doesn't understand at the beginning of the drop...

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